Author: Duncan Warnock CPA | November, 2021
How to categorise business expenses transactions ?
If you are a Geelong Business owner and not using accounting software to record & allocate your business expenses then you may be unsure about how to group or categorise your business expenses into logical categories. Although this is a subjective exercise this article provides an example list of business expense categories that will at least get you started and more organised.
Accounting
Advertising & Promotion
Bad Debts written off
Bank fees & charges
Bookkeeping
Borrowing expenses
Cartage & Freight
Cleaning & rubbish removal
Commission
Contractor Payments
Depreciation
Donations
Equipment < $1,000
Fuel & oil
Government Charges, Fees , etc.
Hire or rent of Plant, Equip
Home Office expenses
Insurance Premiums
Interest Expenses
IT Expenses
Lease Payments
Legal Fees
Maintenance
Materials & Supplies
Merchant Fees
Motor (set rate) - Cents per km
Motor Vehicle Expenses (log book) - Fuel & Oil
Motor Vehicle Expenses (log book) - Insurance
Motor Vehicle Expenses (log book) - Loan Interest
Motor Vehicle Expenses (log book) - Other
Motor Vehicle Expenses (log book) - Registration
Motor Vehicle Expenses (log book) - Repairs & Maintenance
Postage
Printing & Stationary
Protective clothing etc.
Registrations & Licences
Rent on Land & Buildings
Repairs
Replacements (tools etc)
Subscriptions
Telephone & Internet
Tolls & Parking
Utility Expenses
Wages & Salaries
TIPS:
For further information or assistance contact Duncan Warnock CPA at Warnock Accounting today.
Contact us via phone 0402 210 614 or alternately email duncan@warnockaccounting.com.au. Warnock Accounting looks after clients from all over Geelong, the Bellarine and the Surf Coast.
Alternately submit your contact details via our website contact us form via this website.
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Warnock Accounting is a CPA Business
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